Copper cathode premiums softened in Shanghai over the past week, but strengthened in the Italian market. Meanwhile, the US market traded sideways, with market participants there expecting an upward move in the near term.

The European Commission (EC) is investigating whether the United Kingdom imposes enough tax on commodity derivative trades, according to the UK Treasury.

The United States' mill-grade aluminium scrap market has remained mostly sideways despite steep gains in the US Midwest aluminium premium, mainly due to a combination of ample supply and limited spot demand.

Cross-border trading, which makes up a significant portion of the volume of the futures industry, is becoming increasingly more challenged, according to Futures Industry Association president and chief executive officer Walt Lukken.

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